Bridging Loan ComparisonCompare bridging loans
In order to close this gap, many specialised creditors came to the markets to provide these credits, which in turn resulted in increased competitive pressures and lower interest rate payments. It was a good thing for borrower, as interest levels had never been lower, in some cases they can be as low as 4.5% per year, and as so many creditors chased after a finite amount of credit, the results were unavoidable that price pressures were unavoidable, which of course made bridging credits a major resource for money for borrowers who would be rejected by their current bankers for a variety of motives.
Indeed, credit was used as an alternate to bank credit, so that it was really being used more and more to free up capital from real estate that would previously have been re-mortgaged only from a conventional creditor. For so many creditors on the market it is important that you use a bridging loan comparison utility to make sure you get the best interest rate on your loan, we are comparing all UK creditors, just type in your data and we will be comparing interest Rates and offering you your best option.